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What is this indicator?

  • #1
  • First Post: Apr 19, 2021 10:35am Apr 19, 2021 10:35am
Hi,
What is this Indy ? Holy Grail ! Don't repaint
Santé
jf
Attached File(s)
File Type: ex4 Misus Entry Indicator.ex4   12 KB | 1,086 downloads
File Type: mq4 Misus Entry Indicator.mq4   4 KB | 1,326 downloads
  • #2
  • Apr 19, 2021 9:39pm Apr 19, 2021 9:39pm
Just a crossover signal indicator plus rsi signal.
  • #3
  • Apr 20, 2021 12:12am Apr 20, 2021 12:12am
Ok, I don't know how this indy was built, programmed. I am not competent to judge, to analyze.
But I have 15 years of Forex experience.
I did not see this indicator repaint.
It is excellent.
Hence my expression: we are close to the Holy Grail In short,
it deserves serious attention!

Bonne journée
jf

Attached Image (click to enlarge)
Click to Enlarge Name: Grail.PNG Size: 37 KB
  • #4
  • Apr 20, 2021 12:48am Apr 20, 2021 12:48am
great indicator, thank you very much! where did you get it and how long have you been using it?
  • #5
  • Apr 20, 2021 1:10am Apr 20, 2021 1:10am
Quoting le celte
Ok, I don't know how this indy was built, programmed. I am not competent to judge, to analyze. But I have 15 years of Forex experience. I did not see this indicator repaint. It is excellent. Hence my expression: we are close to the Holy Grail In short, it deserves serious attention! Bonne journée jf {image}
it actually repaints man
when you got an indi that starts from 0 then ups the index, it repaints 100%
  • #6
  • Apr 20, 2021 1:19am Apr 20, 2021 1:19am
Ok, i don't see it repainting on M1 (GBPUSD)
But if you say repainting, forget it
Thanks, Cheers
jf
  • #7
  • Nov 24, 2021 4:47pm Nov 24, 2021 4:47pm
Hi,
Anyone have an idea what is the name of this indicator?
Attached Image (click to enlarge)
Click to Enlarge Name: photo_2021-11-23_20-35-47.jpg Size: 60 KB
  • #8
  • Mar 25, 2022 2:24am Mar 25, 2022 2:24am
Hey there members,

can someone explain to me how this indicator works? I have some experience programming but based on how this indicator is written, I have problems understanding its process of generating a signal. It uses MAs and RSI, but when does it create a signal?

If someone could explan to me what the basics are, that would be great. Here is the code:

Inserted Code
#property indicator_chart_window    
#property indicator_buffers 4
#property indicator_color1 CLR_NONE
#property indicator_color2 CLR_NONE
#property indicator_color3 Lime
#property indicator_color4 Yellow
bool UseSoundBuy=false;
bool AlertSoundBuy=false;
bool UseSoundSell=false;
bool AlertSoundSell=false;
string SoundFileBuy ="tada.wav";
string SoundFileSell="email.wav";
bool SendMailPossible = false;
int SIGNAL_BAR= 1; 
 bool SoundBuy  = False;
 bool SoundSell = False;
int g_period_76 = 5;
int g_period_80 = 21;
int g_period_84 = 17;
bool gi_88 = TRUE;
double g_ibuf_92[];
double g_ibuf_96[];
double g_ibuf_100[];
double g_ibuf_104[];
int gi_108 = 0;
int gi_112 = 0;
double gd_116 = 0.0;
double gd_unused_124 = 0.0;
int init() {
   SetIndexStyle(0, DRAW_NONE);
   SetIndexBuffer(0, g_ibuf_92);
   SetIndexStyle(1, DRAW_NONE, STYLE_DASH, 3);
   SetIndexBuffer(1, g_ibuf_96);
   SetIndexStyle(2, DRAW_ARROW, STYLE_DASH, 3);
   SetIndexArrow(2, 233);
   SetIndexBuffer(2, g_ibuf_100);
   SetIndexEmptyValue(2, 0.0);
   SetIndexStyle(3, DRAW_ARROW, STYLE_DASH, 3);
   SetIndexArrow(3, 234);
   SetIndexBuffer(3, g_ibuf_104);
   SetIndexEmptyValue(3, 0.0);
   return (0);
}
int deinit() {
   ObjectsDeleteAll(0, OBJ_ARROW);
   return (0);
}
int start() {
   int li_4 = IndicatorCounted();
   double l_irsi_8 = 0;
   bool li_16 = FALSE;
   double l_price_20 = 0;
   if (li_4 < 0) return (-1);
   if (li_4 > 0) li_4--;
   int li_0 = Bars - li_4;
   for (int li_28 = 0; li_28 < li_0; li_28++) {
      g_ibuf_92[li_28] = iMA(NULL, 0, g_period_76, 0, MODE_EMA, PRICE_CLOSE, li_28);
      g_ibuf_96[li_28] = iMA(NULL, 0, g_period_80, 0, MODE_EMA, PRICE_CLOSE, li_28);
      l_irsi_8 = iRSI(NULL, 0, g_period_84, PRICE_CLOSE, li_28);
      gd_116 = g_ibuf_92[li_28] - g_ibuf_96[li_28];
      if (gd_116 > 0.0 && l_irsi_8 > 50.0) gi_108 = 1;
      else
         if (gd_116 < 0.0 && l_irsi_8 < 50.0) gi_108 = 2;
      if (gi_108 == 1 && gi_112 == 2) {
         g_ibuf_104[li_28 - 1] = High[li_28 - 1] - 5.0 * Point;
         li_16 = TRUE;
         l_price_20 = Ask;
      } else {
         if (gi_108 == 2 && gi_112 == 1) {
            g_ibuf_100[li_28 - 1] = Low[li_28 - 1] - 5.0 * Point;
            li_16 = TRUE;
            l_price_20 = Bid;
         }
      }
      gi_112 = gi_108;
      gd_unused_124 = gd_116;
   }
   if (gi_88 && li_16) {
    //  PlaySound("alert2.wav");
    //  if (gi_112 == 1) MessageBox("Entry point: buy at " + l_price_20 + "!!", "Entry Point", 0);
    //  else
       //  if (gi_112 == 2) MessageBox("Entry point: sell at " + l_price_20 + "!!", "Entry Point", 0);
      li_16 = FALSE;
   }
   RefreshRates();
  //+------------------------------------------------------------------+
    string  message  =  StringConcatenate("#Chaos Entry (", Symbol(), ", ", Period(), ")  -  BUY!!!" ,"-" ,TimeToStr(TimeLocal(),TIME_SECONDS));
    //SendNotification("BUY "+Symbol());
    string  message2 =  StringConcatenate("#Chaos Entry (", Symbol(), ", ", Period(), ")  -  SELL!!!","-"  ,TimeToStr(TimeLocal(),TIME_SECONDS));
    //SendNotification("SELL "+Symbol());
               
        if (g_ibuf_100[SIGNAL_BAR] != EMPTY_VALUE && g_ibuf_100[SIGNAL_BAR] != 0 && SoundBuy)
         {
         SoundBuy = False;
            if (UseSoundBuy) PlaySound (SoundFileBuy);
               if(AlertSoundBuy){         
               Alert(message); 
               //SendNotification("BUY "+Symbol());                             
               if (SendMailPossible) SendMail(Symbol(),message); 
            }              
         } 
      if (!SoundBuy && (g_ibuf_100[SIGNAL_BAR] == EMPTY_VALUE || g_ibuf_100[SIGNAL_BAR] == 0)) SoundBuy = True;  
            
  
     if (g_ibuf_104[SIGNAL_BAR] != EMPTY_VALUE && g_ibuf_104[SIGNAL_BAR] != 0 && SoundSell)
         {
         SoundSell = False;
            if (UseSoundSell) PlaySound (SoundFileSell); 
             if(AlertSoundSell){                    
             Alert(message2);
             //SendNotification("SELL "+Symbol());               
             if (SendMailPossible) SendMail(Symbol(),message2); 
             }            
         } 
      if (!SoundSell && (g_ibuf_104[SIGNAL_BAR] == EMPTY_VALUE || g_ibuf_104[SIGNAL_BAR] == 0)) SoundSell = True; 
   return (0);
}
  • #9
  • Mar 25, 2022 3:41am Mar 25, 2022 3:41am
So far I understand this (please correct me if I am wrong):

Part I:
Inserted Code
bool UseSoundBuy=false;
bool AlertSoundBuy=false;
bool UseSoundSell=false;
bool AlertSoundSell=false;
string SoundFileBuy ="tada.wav";
string SoundFileSell="email.wav";
bool SendMailPossible = false;
int SIGNAL_BAR= 1;
 bool SoundBuy  = False;
 bool SoundSell = False;

...This is just general inputs to give a sound or notification in case a new signal developed.

Part II:
Inserted Code
int g_period_76 = 5;
int g_period_80 = 21;
int g_period_84 = 17;
bool gi_88 = TRUE;
double g_ibuf_92[];
double g_ibuf_96[];
double g_ibuf_100[];
double g_ibuf_104[];
int gi_108 = 0;
int gi_112 = 0;
double gd_116 = 0.0;
double gd_unused_124 = 0.0;

... Here it sets the parameters for the indicators where I have my fitst problems understanding it:

  1. g_period_76 and so on looks to me as the periods (maybe for MAs)
  2. a true value for gi_88 (I have no idea what it is used for)
  3. g_ibuf_92 and so in are arrays to store values in a buffer
  4. gi_108, gi_112, gd_116 and gd_unused_124 (I have no idea what it is used for)

Part III:

Inserted Code
int init() {
   SetIndexStyle(0, DRAW_NONE);
   SetIndexBuffer(0, g_ibuf_92);
   SetIndexStyle(1, DRAW_NONE, STYLE_DASH, 3);
   SetIndexBuffer(1, g_ibuf_96);
   SetIndexStyle(2, DRAW_ARROW, STYLE_DASH, 3);
   SetIndexArrow(2, 233);
   SetIndexBuffer(2, g_ibuf_100);
   SetIndexEmptyValue(2, 0.0);
   SetIndexStyle(3, DRAW_ARROW, STYLE_DASH, 3);
   SetIndexArrow(3, 234);
   SetIndexBuffer(3, g_ibuf_104);
   SetIndexEmptyValue(3, 0.0);
   return (0);

...Why does the indicator not draw an arrow for buffer 0 and 1? I think that buffer 2 and 3 are the once that actualy show the signal for an entry an therefore print an arrow. Is buffer 0 and 1 just for storing numbers and thats why it does not have to print any arrow?


Part IV:
Inserted Code
int start() {
int li_4 = IndicatorCounted();
double l_irsi_8 = 0;
bool li_16 = FALSE;
double l_price_20 = 0;
if (li_4 < 0) return (-1);
if (li_4 > 0) li_4--;
int li_0 = Bars - li_4;

...This part I think sets up the chart, bars are counted and starting value are set to 0 or false to begin calculating. But does the indicator start at bar 0 and goes backwards or does it go from the farthest left bar to the most recent bar?


Inserted Code
for (int li_28 = 0; li_28 < li_0; li_28++) {
g_ibuf_92[li_28] = iMA(NULL, 0, g_period_76, 0, MODE_EMA, PRICE_CLOSE, li_28);
g_ibuf_96[li_28] = iMA(NULL, 0, g_period_80, 0, MODE_EMA, PRICE_CLOSE, li_28);
l_irsi_8 = iRSI(NULL, 0, g_period_84, PRICE_CLOSE, li_28);
gd_116 = g_ibuf_92[li_28] - g_ibuf_96[li_28];
if (gd_116 > 0.0 && l_irsi_8 > 50.0) gi_108 = 1;
else
if (gd_116 < 0.0 && l_irsi_8 < 50.0) gi_108 = 2;

...I think the indicator sets two arrays with g_ibuf_92[li_28] and g_ibuf_96[li_28] and stores the value of the two MAs in it and goes to the next bar(candle) within the for-loop. Then in l_irsi_8 it stores the rsi value at that same bar. Then it substracts both MA values and if the value is positive and the rsi is above 50 it sets a value of 1 (for BUY) and a 2 for a SELL. So far so good.

Now comes the part I dont get:

Inserted Code
 if (gi_108 == 1 && gi_112 == 2)

...In the first line in the if statement, where does "gi_112 == 2" get its value of 2? It is so far only set as 0 as preset and I don´t see any codeline where it is changed.

Then:
Inserted Code
 g_ibuf_104[li_28 - 1] = High[li_28 - 1] - 5.0 * Point;
         li_16 = TRUE;
         l_price_20 = Ask;

... The array stores the High of the candle [28-1] (which one is it?, the last one with a signal or just the last closed candle?) and substracts 5 points from it. It set li_16 to true if the if function above is true and sets the value in l_price_20 to the ASK price. Then follows the same logic but for SELL:

Inserted Code
} else {
         if (gi_108 == 2 && gi_112 == 1) {
            g_ibuf_100[li_28 - 1] = Low[li_28 - 1] - 5.0 * Point;
            li_16 = TRUE;
            l_price_20 = Bid;
         }
      }
      [b]gi_112 = gi_108;[/b]
[b]      gd_unused_124 = gd_116;[/b]
   }
   if (gi_88 && li_16) {

... So what does the gi_112 and gd_unused_124 do? Eitherway if both are true a signal is given.

Part V:
Inserted Code
if (gi_88 && li_16) {
// PlaySound("alert2.wav");
// if (gi_112 == 1) MessageBox("Entry point: buy at " + l_price_20 + "!!", "Entry Point", 0);
// else
// if (gi_112 == 2) MessageBox("Entry point: sell at " + l_price_20 + "!!", "Entry Point", 0);
li_16 = FALSE;
}
RefreshRates();

...This just give a message and alert with information on the entrypoint.


Conclusion:
as I see from using it on the chart for some days, it is a repainting indicator BUT only when I place the indicator againon the chart some hours later and it calculates everything fresh again and sometimes prints different signals or deletes the most recent one. That is the point I dont understand. If a signal is based on a MA crossover + RSI, these are hard values at that specific bar that can not be changed at the next bar.

So how can a signal be removed if the values did not change?

I would be very happy for any help. Thanks in advance.
  • #10
  • Mar 25, 2022 3:50am Mar 25, 2022 3:50am
Quoting Noqo
Hey there members, can someone explain to me how this indicator works? I have some experience programming but based on how this indicator is written, I have problems understanding its process of generating a signal. It uses MAs and RSI, but when does it create a signal? If someone could explan to me what the basics are, that would be great. Here is the code: #property indicator_chart_window #property indicator_buffers 4 #property indicator_color1 CLR_NONE #property indicator_color2 CLR_NONE #property indicator_color3 Lime #property indicator_color4...
Its decompiled (stolen) code mate, so I doubt any coder is going to respond.
  • #11
  • Mar 25, 2022 3:56am Mar 25, 2022 3:56am
Oh, really? How do you know that it is decompiled? What makes it so obvious to see?

I found this indicator in one of the threads here on forex factory where members just post all indicators they have. So a I downloaded some, used them to see if some might be helpful and saw this one here "Chaos Entry" and wanted to understand it.

If it just works on basic MA crossover and RSI then I don´t see a great advantage in it, but if there is something I don´t see I would like to know.

Eitherway, if it is true that noone will respond to a decompiled code question, then I hope I understood most of it by myself at least.
  • #12
  • Mar 25, 2022 5:47am Mar 25, 2022 5:47am
As far as I understand the MAs are set on period 5 and 21 for the crossover and the rsi is standard. I put these in the chart and took a screenshot.

I added the vertical lines for a better look on the values in the rsi.

On number 1 I dont see the MA crossing over yet but RSI is above 50.

Number 2 is a valid signal.

Number 3, the ma crossed over a candle ago but only when the rsi flips above 50 it gave the signal.

Number 4 and 5 are valid signals as well.

Attached Image (click to enlarge)
Click to Enlarge Name: ChaosEntry.JPG Size: 393 KB

Why did number one print an arrow and give a signal? It should not be valid.

I do not want to ask if this is a great indicator, I just want to understand the code and the logic behind it. So far I see a MA crossover with rsi for confirmation.
  • #13
  • Mar 25, 2022 10:00am Mar 25, 2022 10:00am
I took a look at this indicator & not sure if it repaints the arrow, but MA's signals are locked when they cross. Try EMA's 50 & EMA 200 with or without the arrows. Without the arrows you will notice the EMA's cross later than the arrow signals. The arrows are giving a 5-6 candle ahead signal. The arrows are really not needed, but if they aren't repainting, then you have an awesome indicator.

Just thought I would share my humbles thoughts.

"It Is Better to Light A candle Than to Curse the Darkness"
_______________________________________________
  • #14
  • Mar 26, 2022 2:44pm Mar 26, 2022 2:44pm
Thank you for taking the time to make a comment acetrader,

after your comment I checked it and I guess the RSI is the main indicator to paint the arrow right away and the MAs are used for confirmation? Because looking at the chart there are candles where the crossover is not confirmed but the rsi is below/above 50. In the picture below the first signal (sell) was show even though the EMAs (5 and 21 as standard values) are not yet crossed.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 51 KB

Using it on live market data I witnessed that on one closed candle A signal was triggered and some hours later it was sometimes removed or even completely reversed, which is my biggest problem to understand. If it was only a EMA crossover with rsi,it cannot repaint but how does this happen then in live market data.

Checking the 50 and 200 EMA as you suggested shows again that the rsi seems to be the leading indicator and the MA crossover seems to be lagging behind.

Do you have more knowledge to answer my question of how can the removal of an arrow after some candles happen? For example, I started the indicator on the home pc on a chart, then I went to work and started the metatrader and did the same and there I saw that my signal from the last candle was gone. I do not understand the code that well to see it. Maybe you can help.

Thanks again for your time.

Using the indicator this week, it worked out profitable
  • #15
  • Mar 27, 2022 7:41am Mar 27, 2022 7:41am
A good nightsleep helped me figure out how to continue with the indicator, since I like the rather simple aproach (I guess the indicator is found on any EA Page bc it is fairly general).

But I think I can add a twist to it without having a repaint and get an early signal, given the inherent risk involved when using a premature signal.

I think changing the Indicator as follows and turn it into an EA.

Since often with this indicator a signal is given after a bigger move already happened and confirmed the signal, I want to be as close to that sport without losing too much quality of the signal:

Example for a short signal (as in the picture above on the first yellow arrow at 7AM on 23.march)

  1. calculation after a candle close
  2. if distance between EMA 5 (fast EMA) and EMA 21 (slowEMA) is not bigger than 5 pips (will be optimised later)
  3. AND value of EMA 5 is lower then last value of EMA 5 (means the EMA 5 is moving downwards and is very close to crossing the slow EMA 21)
  4. AND rsi is not higher then 52 (RSI value of 50 is normaly the triggerline to go long/short, hence I want to be as close to going below 50...here a value of 52 will be used and has to be optimized)
  5. store the signal as a value to only give a new signal once the trend changes short to long... (so only one trade can be open at each time).
  6. enrty marketorder on open of new candle, no SL (should be at least a % of the overall acount or a set SL value... best way has to be analysed in optimization and strategytester)
  7. close trade and open a reverse trade on a new signal

If anyone is interested in the result, let me know.

Until then, pip pip

  • #16
  • Mar 27, 2022 4:34pm Mar 27, 2022 4:34pm
Quoting Noqo
Thank you for taking the time to make a comment acetrader, after your comment I checked it and I guess the RSI is the main indicator to paint the arrow right away and the MAs are used for confirmation? Because looking at the chart there are candles where the crossover is not confirmed but the rsi is below/above 50. In the picture below the first signal (sell) was show even though the EMAs (5 and 21 as standard values) are not yet crossed. {image} Using it on live market data I witnessed that on one closed candle A signal was triggered and some hours...
int g_period_76 = 5; int g_period_80 = 21; int g_period_84 = 17;

You are clearly wrong. The default period for RSI is 17.
  • #17
  • Mar 27, 2022 5:11pm Mar 27, 2022 5:11pm
Quoting Noqo
So far I understand this (please correct me if I am wrong): Part I: bool UseSoundBuy=false; bool AlertSoundBuy=false; bool UseSoundSell=false; bool AlertSoundSell=false; string SoundFileBuy ="tada.wav"; string SoundFileSell="email.wav"; bool SendMailPossible = false; int SIGNAL_BAR= 1; bool SoundBuy = False; bool SoundSell = False; ...This is just general inputs to give a sound or notification in case a new signal developed. Part II: int g_period_76 = 5; int g_period_80 = 21; int g_period_84 = 17; bool gi_88 = TRUE; double g_ibuf_92[]; double g_ibuf_96[];...
if (gi_108 == 1 && gi_112 == 2) --> if generated arrow is up and previous arrow is down ....

g_ibuf_104[li_28 - 1] = High[li_28 - 1] - 5.0 * Point; this is anchor point of arrow, i.e 5 points from hi/lo.. but the arrow is placed at previous bar (bar-1). that makes the signals appear 1 bar earlier so it looks like fast/good signal if you trace backward in chart. So, if you trace back in chart, you should open position at opening bar of next 2 bars from the arrow.
  • #18
  • Mar 27, 2022 5:34pm Mar 27, 2022 5:34pm
Quoting h3nkymc
{quote} if (gi_108 == 1 && gi_112 == 2) --> if generated arrow is up and previous arrow is down .... g_ibuf_104[li_28 - 1] = High[li_28 - 1] - 5.0 * Point; this is anchor point of arrow, i.e 5 points from hi/lo.. but the arrow is placed at previous bar (bar-1). that makes the signals appear 1 bar earlier so it looks like fast/good signal if you trace backward in chart. So, if you trace back in chart, you should open position at opening bar of next 2 bars from the arrow.
if (gi_108 == 1 && gi_112 == 2) --> since initialization for gi_112 is 0, the very first signal (far left arrow) value is false, hence it's not drawn.

RefreshRates(); --> this is useless for indicator, it is should only used in EA or Script.
  • #19
  • Mar 27, 2022 5:45pm Mar 27, 2022 5:45pm
Quoting Noqo
So far I understand this (please correct me if I am wrong): Part I: bool UseSoundBuy=false; bool AlertSoundBuy=false; bool UseSoundSell=false; bool AlertSoundSell=false; string SoundFileBuy ="tada.wav"; string SoundFileSell="email.wav"; bool SendMailPossible = false; int SIGNAL_BAR= 1; bool SoundBuy = False; bool SoundSell = False; ...This is just general inputs to give a sound or notification in case a new signal developed. Part II: int g_period_76 = 5; int g_period_80 = 21; int g_period_84 = 17; bool gi_88 = TRUE; double g_ibuf_92[]; double g_ibuf_96[];...
Hey I just realize that your code is exactly the same as mesus entry indicator in Post 1. Your code is decompiled version, while mesus entry indicator is improved version of your code.
  • #20
  • Mar 28, 2022 12:38am Mar 28, 2022 12:38am
Thank you h3nkymc for your answer,

first of all I was looking for a similar thread to post my question to the indicator I have and found this thread that was quiet for some time but matched my topic and I saw that the indicator indeed looked similar, but instead of downloading another indicator, I just wanted to writethe post as intended. That was the story. I will definetly take a look into mesus indicator and see if I can take some lessons from it.

Regarding your 3 answers:
1. Thank you for pointing out the RSI standard value of 17.

2.
Quote
but the arrow is placed at previous bar (bar-1). that makes the signals appear 1 bar earlier so it looks like fast/good signal if you trace backward in chart. So, if you trace back in chart, you should open position at opening bar of next 2 bars from the arrow.
But isn´t that still good if first a candle is closed, than the signal is given 1 bar later (on the next candle open)?

3.Thank your for the info about if (gi_108 == 1 && gi_112 == 2) and RefreshRates();

I alread programmed the EA that I had in mind and only need to add the logic to only have one trade open at time. But before that, I will take a look into the mesus indicator!

Thanks!
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